Kim Gatley Sr. Vice President & Director of Research NAI REOC Austin (bio) Got a Commercial Real Estate Need or Question? Ask One of Our Trusted Advisors
Duke Realty acquired a four-story medical office building on the campus of the Cedar Park Regional Medical Center. The purchase price of the 83,383-square-foot building was not disclosed.
The acquisition brings Indianapolis-based company’s holding in the Austin area to more than 180,000 square feet of medical office space, and its total Texas portfolio to nearly 1.2 million square feet.
Live Oak-Gottesman LLC purchased The Shops at Ladera Bend (7300 RM 2222) in Northwest Austin from Wells Fargo on Friday for an undisclosed amount.
Live Oak-Gottesman plans to lease and manage the property. Retail spaces ranging from around 1,050 square feet to 13,000 square feet are available for lease. Current tenants include Collins Endodontics and Anytime Fitness.
Over $150 million changed hands in the Austin area over the past year for ranches, buildings and lots, according to public record.
The Austin Business Journal recently released a list of the top 15 commercial deeds recorded in the Austin area. Three of those deeds were in Travis County. The biggest deal was a $31 million purchase of over 5,000 acres in Hays County.
•No. 1: Needmore Ranch II Ltd. bought 5,041 acres in Hays County from New Blanco River Ranch for $31.5 million. …Read Entire Post
Kurt VanderMeulen and Josh Hubka of NAI REOC Austin represented the sale of 20.45 acres located on Abbotsbury Drive situated northwest of Volente Road (FM 2769) in Cedar Park. Scott Muller purchased the property.
The KBS Real Estate Investment Trust III has bought Las Cimas IV in Southwest Austin. The 138,008-square-foot office building is in the Las Cimas office park, eight miles from downtown. California-based KBS REIT III will pay $35.9 million plus closing costs for the property, according to the U.S. Securities and Exchange Commission.
An Austin-based firm that specializes in acquiring “undervalued real estate assets” confirmed Friday that it has purchased three high-profile downtown area properties. World Class Capital Group, led by President and CEO Nate Paul, is the new owner of the La Zona Rosa building, as well as buildings that housed a pair of now-closed restaurants, Spaghetti Warehouse and Katz’s Deli.
California-based KBS Real Estate Investment Trust III, a unit of KBS Capital Advisors LLC, has completed its purchase of Domain Gateway, a 173,962-square-foot office building in Northwest Austin.
It’s one of the largest local office buys this year. The five-floor building was under contract for $48 million, according to Co-Star Realty Information Inc.
